Category Archives: Tax returns

Did you file your tax return on Christmas Day?

19% fail to file on time

HMRC has confirmed that more than 10.2 million people submitted their 2020-21 Self-Assessment tax returns by the 31 January deadline. This leaves over 2.3 million taxpayers or 19% that have […]

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Who needs to register for Self-Assessment

Who needs to register for Self-Assessment

There are a number of reasons why you might need to complete a Self-Assessment return. This includes if you are self-employed, a company director,

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Self assessment specialists Burton on Trent - Alexander Accountancy

Claims to reduce payments on account

Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on 31 January during the tax year and […]

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5% late penalties apply from 1 April 2021

5% late penalties apply from 1 April 2021

Self-Assessment taxpayers that failed to pay their outstanding tax liabilities or set up a payment plan by midnight on 1 April 2021 will be charged a

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Temporary carry back of losses

Temporary carry back of losses

A new temporary extension to the eligible carry back period for trading losses has been announced. This will allow trading losses to be carried back

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Did you miss the Self-Assessment deadline?

Did you miss the Self-Assessment deadline?

HMRC has announced that more than 10.7 million people submitted their 2019-20 Self-Assessment tax returns by the 31 January deadline. This leaves over

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No late online filing penalties until 28 February 2021

No late online filing penalties until …

HMRC has announced that fines for taxpayers that file their Self-Assessment returns late will be waived until 28 February 2021. The filing deadline for 2019-20 returns remains at 31 January 2021. HMRC

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Online tax payment plans

Online tax payment plans

New figures published by HMRC have revealed that some 25,000 taxpayers have set up an online payment plan to manage their tax liabilities spreading payments of £69 million for up to 12 monthly

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